13 Summer Street, Biddeford, Maine, Multi-Family

Multi-Family for Sale
Catylist Listing ID: 30798365
Property Subtypes: Mid-Rise
Number of Units: 7 Units
Building Size (RSF): 7,020 SF
Gross Building Area: See Agent
Gross Land Area: 0.18 Acres
Sale Price: $945,000
Unit Price: $135,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/19/2022

Overview / Comments

Large in town 7 Unit building consisting of 3-three bedroom units, two with double living rooms. 2-two bedroom units & 2-one bedroom units. This building is in very good condition mechanically with updated windows, two newer furnaces & a new rubber roof on the front building in 2021. Mostly all hardwood flooring throughout all of the units.Adequate on site parking for 10-11 cars. Terrific in town location within walking distance to all down town amenities, bus line & Amtrak. Currently the rents are below market rates. Plenty of room for raising the income. Six tenants are tenants at will. One tenant has a lease(Unit 103. $1,173.00 monthly, one bedroom). These larger buildings don't come by often. Don't let this one pass you by! Group showings will be on Monday the 18th from 1:00-4:00. Advanced notice required.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 13SummerBiddeford04005
Zoning: MSRD2
Percent Occupied: 100%
Area Description: From Alex Pizza, turn on to Summer St. 2nd building on left. Sign out front.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1920
Roof Type: Flat
Construction/Siding: Aluminum Siding, Stucco
Parking Type: Structure
Total Parking Spaces: 10
Heat Type: Propane, Oil
Heat Source: Baseboard, Other
Fuel: Oil, Propane
Zoning Description: MSRD2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,671 34,380 51,243
Median Age: 37.26 41.32 41.35
Households: 7,113 14,991 21,778


Photograph of Listing Agent

David Trottier

Realty Sales Inc.
NECPE Member
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